Introduction
Configuring borrower display fields allows you to manage essential borrower information, such as assets, spousal consent, and debts. By enabling only the necessary fields, you improve efficiency, ensure accurate reporting, and simplify data entry.
Navigating to Borrower Display Fields
Click the Gear icon in the top-right corner to open Settings.
Select Company Settings.
Expand Loan Setup/Origination in the left-hand navigation menu.
Click Stakeholder Setup.
Locate the Borrowers section.
Tip: Disabling non-essential fields reduces on-screen clutter and enhances workflow efficiency.
Configuring Borrower Display Fields
Setting | Description |
Assets | Enables an expandable Assets section under each borrower or guarantor’s record, capturing asset type, description, and value for better financial assessment. |
Spousal Consent Flag | Flags scenarios requiring a spouse's consent without them being a signing borrower. This ensures legal requirements are met and can be reflected in documentation. |
Applicant Debts | Enables a Debts section under each borrower or guarantor, allowing tracking of outstanding balances, monthly payments, and creditor details for credit assessments. |
Reminder: Customizing display fields ensures a clearer view of borrower details while eliminating unnecessary data entry.
FAQs
What happens if I disable all borrower display fields?
Disabling all fields will remove borrower-related financial data from view, limiting visibility for loan assessments.
Does enabling the Spousal Consent Flag affect all loans?
Yes, this setting applies across all borrower profiles and ensures compliance where required.
How does the Assets section improve loan evaluations?
It provides a clearer financial picture of borrowers by displaying asset details, which can assist in underwriting decision
Need Further Assistance?
For additional support, contact us:
📧 Email: support@mortgageautomator.com
💬 Live Chat: Click the question icon at the top-right corner of your screen.